New Delhi, 21 February 2022: The Government of India has decided to continue the National Means-cum-Merit scholarship scheme for the next five years, according to which, a total of 14 lakh 76 thousand students belonging to the Economically Weaker Sections (EWS) category will get a financial award of INR 12,000 per year. The award will be given to address the issue of students dropping-out of school after Class 8 and to ensure the continuity of education at the secondary stage.
National Means-cum-Merit Scholarship – Details
- The budget of the NMMS implementation is INR 1,827 crore.
- For the next five years, the scheme aims to provide financial assistance of INR 12,000 every year to 14.76 lakh meritorious students from the economically weaker sections (EWS) category.
- NMMS was launched in 2008-09.
- Students are selected for the scholarship through a test conducted by local authorities.
- Selected students are awarded the scholarship from Class 9 to Class 12.
- Since the launch of this scholarship, a total of Rs 22.06 lakh National Means-cum-Merit scholarships have been sanctioned.
To address the issue of drop-out after class VIII and ensure continuity of education at the secondary stage, PM @narendramodi ji’s govt. has approved the continuation of Means-cum-Merit Scholarship Scheme with an outlay of ₹1827 crore for the next 5 years. pic.twitter.com/J5gi3Imhw3
— Dharmendra Pradhan (@dpradhanbjp) February 19, 2022
National Means-cum-Merit Scholarship – Eligibility
Candidates are eligible for the scholarship under the following conditions:
- Candidates must take up studies in approved courses.
- Candidates must maintain good conduct as certified by the head of the college/institution and continue their studies as regular students in a government/government-aided local body orschool.
- Candidates must not absent themselves without proper leaves.
- Candidates must take up studies on a full-time basis.
- Candidates must not take up any job while studying.
National Means-cum-Merit Scholarship – Disbursement of Scholarships
- The selected candidates can avail only one scholarship at a time.
- Selected candidates will be required to open bank accounts preferably in SBI, or any other public sector bank or any scheduled bank which has a core banking facility.
- The state government/union territories administrations shall normally send the list of beneficiaries online on the scholarship portal.
- The awardees are entitled to get a minimum of 55% marks in Classes 9 and 11 and a minimum of 60% marks in Class 10 for continuance of scholarship in next higher classes.
- The State Bank of India (SBI) will ensure that the scholarship is paid to awardees in one go (INR 12000) immediately after getting the funds and the lists from the ministry.
- SBI will instruct some of its branches to coordinate with the state education department in connection with the payment of scholarships.
Note: The State Bank of India is the implementing bank for the disbursal of scholarships to students directly into their bank accounts by electronic transfer.